
Pinnacle Bank - Lebanon, TN (Baddour Pkwy)
1412 West Baddour Parkway, Lebanon, TN, 37087, US
HK$17,977,000 | 4,436 sf
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present for sale a single-tenant 7-Eleven, Inc. ("Tenant") property located at 36 Crossroads Dr, Crossville, TN (the "Property" or "Asset"), just three miles from downtown Crossville. The Absolute NNN lease has ±12 years remaining on its original 17-year term, featuring 7.50% rent escalations every five years, plus five, five-year renewal options.
The Property includes both a convenience store and a 12-pump gas station. Strategically positioned between Nashville and Knoxville along I-40 (40,000+ vehicles per day) and US-127 (30,000+ vehicles per day), the asset serves as an ideal stopping point for both commercial and civilian travelers. Crossville functions as Cumberland County's regional shopping hub, anchored by a Walmart Supercenter ranked #4 out of 118 Tennessee Walmart locations with 3.1 million annual visits. The area within a 5-mile radius of the Property has experienced continued population growth over the last 14 years, increasing by ±5%. Additionally, the Crossville area offers access to three medical facilities, including Cumberland Medical Center, and is within 37 miles of Tennessee Tech University and 70 miles of the University of Tennessee.
This opportunity provides investors with a bonus depreciation-eligible Asset centrally located between two major Tennessee cities and benefiting from TN's zero state income tax dynamics.